The Trump administration has finalized a $1.5 billion loan guarantee for an Indiana-based company to produce ammonia fertilizer.
The financing for Wabash Valley Resources LLC will be used to restart and repurpose a coal gasification plant idled since 2016. It intends to produce 500,000 metric tons of anhydrous ammonia per year using as feedstock coal from a Southern Indiana mine and petcoke, the U.S. Department of Energy said in a statement Wednesday.
The loan was initiated by the Biden administration, which awarded the project a conditional commitment in September 2024, and said the project would provide a source of low-carbon fertilizer using carbon capture and sequestration.
>> In Other News: Samsung E&A's U.S. Unit Wins 680 Billion-Won Ammonia Plant Deal
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Latest issues
-
113 CCS Projects: What's Driving the Surge?
Inside This Issue 🏠Global CCS Hits 113 Projects as Americas Lead Capacity 💰 We're Moving $2M+ to Climate Solutions 💧 China Launches World's First Semi-submersible Offshore Wind-to-hydrogen Platfo...
-
Why Is Wyoming Giving 650,000 Acres to Carbon Storage?
Inside This Issue 🪨 Inside Blm's 650,000-Acre Bet on Wyoming Carbon Storage 🏠California Advances Carbon Capture and Removal Regulations Under SB 905 ⚡ Why a Japanese Power Giant Is Betting on Den...
-
Colorado Joins the 7-State CCS Permit Fast Lane
Inside This Issue ⚖️ Colorado Takes Over Class VI Permits: What Changes for CCS? 🏠Hebei Shoulang Facility Using LanzaTech Technology Achieves World’s First ISCC EU RCF Certification for Ethanol P...
Company Announcements
-
A consortium led by Novacium, together with Axel’One and AD-VENTA, has secured funding from the Defence Innovation Agency (AID) and the Directorate General of Armaments (DGA) under the RAPID progr...
-
Video: The Next Chapter https://youtu.be/LUIHqS35rMg Led by John Douglas, whose development experience includes the $8 billion Champlain Hudson Power Express, the collaboration brings major Nort...
-
Emvolon Raises $22 Million Funding Round to Launch Its Modular, Waste-to-Fuel Chemical Plants
Following its recent offtake agreement and increased commercial demand, Emvolon raises Series A and non-dilutive federal and state grants to launch first commercial system and adds industry growth ...
-
Puro.earth Expands DACCS Certification With CCS+ Methodologies
Puro.earth has published its CCS+ methodology documents, with direct air capture and geological storage (DACCS) as the first activity type implemented under its CCS+ Program. Puro.earth’s multi-pr...